Obama lifts holds on delivery of military aircraft, missiles to Egypt WASHINGTON (MarketWatch) -- President Barack Obama will lift holds on delivery of military aircraft, missiles and tanks to Egypt, the White House said Tuesday. The holds have been in place since October 2013, following the Egyptian military's overthrow of then-President Mohammed Morsi. A White House spokeswoman said the decision to release the aircraft, tanks and missiles was taken in the interest of U.S. national security. The U.S. has been weighing whether to lift the hold to help combat the extremist threat spilling over from Libya and in the Sinai Peninsula, according to the Associated Press. Obama directed the release of 12 F-16 aircraft, 20 Harpoon missiles and up to 125 M1A1 Abrams tank kits.

Ex-Polycom CEO hid perks from investors, SEC charges WASHINGTON (MarketWatch) -- The Securities and Exchange Commission on Tuesday charged former Polycom Inc. Chief Executive Andrew Miller with using nearly $200,000 in corporate funds for personal perks not disclosed to investors. Miller, the SEC alleges, created hundreds of false expense reports with bogus business descriptions to pay for personal meals and entertainment including professional baseball and football games. Polycom, a Silicon Valley-based technology firm, settled separate SEC charges about inadequate internal controls without admitting or denying the SEC findings. The agency said the case against Miller continues in federal court.

Justice Department charges ex-federal agents with bitcoin money laundering WASHINGTON (MarketWatch) -- The Justice Department charged two former federal agents with wire fraud and money laundering related to stealing digital currency during their investigation of the Silk Road, a now-defunct online black market. The department said Monday that former agents Carl Force and Shaun Bridges were assigned to the Baltimore Silk Road Task Force, and that Force was arrested March 27. Bridges surrendered Monday. The Justice Department said Force used fake online personas and engaged in bitcoin transactions to steal from the government. Bridges allegedly diverted to his personal account more than $800,000 in digital currency, DOJ said.

SEC charges Lynn Tilton, Patriarch of concealing poor performance in loan funds WASHINGTON (MarketWatch) -- The Securities and Exchange Commission has charged Lynn Tilton and her Patriarch Partners firms with fraud, . Tilton and her firms breached their fiduciary duties and defrauded clients by failing to value assets using methodology described to investors in offering documents from three collateralized loan obgliation funds they manage, the SEC said. Tilton violated her duty to clients when she exercised "subjective discretion over valuation levels, creating a major conflict of interest that was never disclosed to them," the agency's enforcement director said. In a statement, Patriarch Partners said it was "disappointed that the SEC has chosen to bring an enforcement action that is ill founded and at odds with Patriarch's investment strategy, which was consistently disclosed since the inception of the funds." The company added: "We look forward to the opportunity to vigorously defend ourselves against the SEC's allegations." (Updates with statement from Patriarch Partners.)

Schumer top contender to replace Reid as Senate Democrats’ leader Reid endorses Schumer; ‘majority’ reportedly behind New Yorker Charles Schumer is emerging as the top contender to replace the retiring Harry Reid as Democrats’ leader in the Senate.

Why the ‘doc fix’ deal won’t also fix the deficit CBO says measure will add $141 billion to deficit over 10 years Congress’s budget scorekeeper finds that the ‘doc fix’ deal won’t also fix the deficit over the next 10 years.

House passes Medicare 'doc fix' deal WASHINGTON (MarketWatch) -- The House of Representatives on Thursday passed a bill to revamp Medicare's payment formula for doctors. The bill would end the temporary patches known as the "doc fix" that lawmakers approve to prevent payment cuts to doctors. Part of the $214 billion measure is paid for by . Passed on a vote of 392 to 37, the bill now goes to the Senate.

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